Rent or Buy? Mortgage Rates Hit 5 Month Low and Fall to 5.78%

Rent or Buy? Mortgage Rates Hit 5 Month Low and Fall to 5.78%

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Maxwell Ryan
Sep 7, 2004

Buy. If "sobering economic news" doesn't scare you personally, then it is still a great time to invest in a new home as your monthly carrying costs will be about as low as 5 months ago, when mortgage rates began to climb. While expectations were for better economic news, for prospective buyers this IS good news. (via Bankrate) MGR

TUESDAY REAL ESTATE LINKS
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- 78 Year Old Queens Man beaten to death for his apartment (ToTC via Curbed)
- Realty Players Was Optimistic (NYPost)
- Updating Old Houses to Cental Air (NYPost)
- Ivana Trump Follows Ex - Hubby Donald to TV (NYTimes via Real Deal)

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